Banks

Company Overview of Banco Nacional de Mexico, S.A.

Company Overview

Banco Nacional de México, S. A. provides banking and financial services for individuals, small and medium companies, businesses and corporates, and governments in Mexico and internationally. The company offers various products and services, including debit cards, administration and checking accounts, travelers checks, and payroll accounts; credit cards, home loans, personal loans, and automobile loans; and revolving credit, medium-term financing, FEP financing, and other financing products, as well as online banking services. It also provides insurance services, including life, damages, and accidents and diseases insurance, as well as investment products. In addition, the company offers leas...

Banco Nacional de México, S. A. provides banking and financial services for individuals, small and medium companies, businesses and corporates, and governments in Mexico and internationally. The company offers various products and services, including debit cards, administration and checking accounts, travelers checks, and payroll accounts; credit cards, home loans, personal loans, and automobile loans; and revolving credit, medium-term financing, FEP financing, and other financing products, as well as online banking services. It also provides insurance services, including life, damages, and accidents and diseases insurance, as well as investment products. In addition, the company offers leasing, remodelling and pledge, makina, transportation financing, traditional financing, and credit lines; foreign trade, letters of credit, stand by letter of credit, and documentary collection; and fiduciary products and services. Further, it provides financial solutions, such as capital and money market solutions, gold strategic portfolios, investment partnerships, exchange pledges, structured notes, and personal retirement plans and equity plans; and bill payment and collection, and transfer services. The company is based in Mexico City, Mexico. Banco Nacional de México, S. A. operates as a subsidiary of Grupo Financiero Banamex, S. A. de C. V.

Banco Nacional de Mexico, S.A. Key Developments

Citigroup CEO Denies News For Subsidiary Sale

Jan 23 15

Michael Corbat, Citigroup Inc. (NYSE:C) Chief Executive Officer, has denied recent market rumors that Citigroup was looking to offload Banco Nacional de Mexico, S.A., saying the Mexican bank is constructive on Citi's position in Mexico and that it is a "terrific franchise", Forbes reports.

Banco Nacional de Mexico Reports Earnings Results for the First Quarter of 2014

May 18 14

Banco Nacional de Mexico reported earnings results for the first quarter of 2014. The company reported profits for MXN 852 million during the first quarter of 2014, 78.3% and 65.6% lower than during the first quarter of 2013 and fourth quarter of 2013, respectively.

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